Rsi for spx

The SPY RSI - Relative Strength Index Chart indicates that the RSI for SPY is currently at 71.73, which is considered overbought. This suggests that the market may be due for a pullback or correction as the RSI typically indicates the speed and magnitude of price movements and a reading above 70 is generally considered to be in the overbought territory. However, it's important to note that the RSI is just one tool among many available in technical analysis and should not be relied on solely when making investment decisions.